RoE Elevator Market to 2032
Overview
The RoE Elevator Market is expected to reach a 465.16 USD Million by 2032 and is projected to grow at a CAGR of 5.44% from 2025 to 2032.
Revenue, 2024 (USD Million)
307.07
Forecast, 2032 (USD Million)
465.16
CAGR, 2024 - 2032
5.44%
Report Coverage
RoE
RoE Elevator Market 2018-2032 USD Million
RoE Elevator Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 307.07 USD Million
- Projected Market Size (2032): 465.16 USD Million
- CAGR (2025-2032): 5.44%
Key Findings of RoE Elevator Market
- The RoE Elevator Market was valued at 307.07 USD Million in 2024.
- The RoE Elevator Market is likely to grow at a CAGR of 5.44% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Single Deck in Deck Segment accounted for the largest share of the market with a revenue of 227.28 USD Million
- The fastest growing segment 630kg (or less) in Capacity Segment grew Fastest with a CAGR of 6.49% during the forecast period from 2024 to 2032.
RoE Elevator Market Scope
RoE Elevator Market Segmentation & Scope
Type
- Others
- Home Elevators
- Service Elevator
- Freight/ Cargo Elevator
- Passenger Elevator
Speed
- 5.0 mps (or more)
- 3.5 - 4.0 mps
- 2.5 - 3.0 mps
- 1.5 - 2.0 mps
- 1.0 mps (or less)
Component
- Services
- Hardware
Mechanism
- D.C. Elevators
- A.C. Elevators
- Others
- Hydraulic Elevators
- Traction / Cable Driven Elevators
- Machine Room Reduced (MRL) Elevators
Deck
- Double Deck
- Single Deck
Capacity
- Over 2500kg
- 2000–2500kg
- 1600–2000kg
- 1050–1600kg
- 630–1050kg
- 630kg (or less)
Elevation
- High Rise Elevators
- Mid Rise Elevators
- Low Rise Elevators
End Use
- Industrial
- Residential
- Commercial
Door Type
- Others
- Swinging Door
- Manual Door
- Sliding Door
- Automatic Door
Destination Control
- Smart
- Conventional
RoE Elevator Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2024 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 307.07 USD Million |
| Market Value in 2032 | 465.16 USD Million |
| CAGR (2025-2032) | 5.44% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Type,Speed,Component ,Mechanism,Deck ,Capacity,Elevation,End Use,Door Type,Destination Control |
Regional Insights:
-
Leading Market (2024-2032): RoE, leading in terms of revenue 307.07 USD Million in 2024
- Key Country: RoE, leading in terms of revenue with value of 307.07 USD Million in 2024.
Segments and Scope
-
RoE Elevator Market to 2032, By Type
- Passenger Elevator is the largest segment in RoE Elevator Market to 2032 with a revenue of 170.17 USD Million in the year 2024.
- Freight/ Cargo Elevator is the Fastest growing segment in RoE Elevator Market to 2032 with a Growth rate of 5.50 % in forecast period 2025-2032.
-
RoE Elevator Market to 2032, By Speed
- 1.0 mps (or less) is the largest segment in RoE Elevator Market to 2032 with a revenue of 152.00 USD Million in the year 2024.
- 1.0 mps (or less) is the Fastest growing segment in RoE Elevator Market to 2032 with a Growth rate of 5.79 % in forecast period 2025-2032.
-
RoE Elevator Market to 2032, By Component
- Hardware is the largest segment in RoE Elevator Market to 2032 with a revenue of 208.81 USD Million in the year 2024.
- Hardware is the Fastest growing segment in RoE Elevator Market to 2032 with a Growth rate of 5.50 % in forecast period 2025-2032.
-
RoE Elevator Market to 2032, By Mechanism
- Machine Room Reduced (MRL) Elevators is the largest segment in RoE Elevator Market to 2032 with a revenue of 126.39 USD Million in the year 2024.
- Machine Room Reduced (MRL) Elevators is the Fastest growing segment in RoE Elevator Market to 2032 with a Growth rate of 6.09 % in forecast period 2025-2032.
-
RoE Elevator Market to 2032, By Deck
- Single Deck is the largest segment in RoE Elevator Market to 2032 with a revenue of 227.28 USD Million in the year 2024.
- Single Deck is the Fastest growing segment in RoE Elevator Market to 2032 with a Growth rate of 5.48 % in forecast period 2025-2032.
-
RoE Elevator Market to 2032, By Capacity
- 630kg (or less) is the largest segment in RoE Elevator Market to 2032 with a revenue of 111.38 USD Million in the year 2024.
- 630kg (or less) is the Fastest growing segment in RoE Elevator Market to 2032 with a Growth rate of 6.49 % in forecast period 2025-2032.
-
RoE Elevator Market to 2032, By Elevation
- Low Rise Elevators is the largest segment in RoE Elevator Market to 2032 with a revenue of 161.44 USD Million in the year 2024.
- Low Rise Elevators is the Fastest growing segment in RoE Elevator Market to 2032 with a Growth rate of 5.65 % in forecast period 2025-2032.
-
RoE Elevator Market to 2032, By End Use
- Commercial is the largest segment in RoE Elevator Market to 2032 with a revenue of 166.14 USD Million in the year 2024.
- Commercial is the Fastest growing segment in RoE Elevator Market to 2032 with a Growth rate of 5.62 % in forecast period 2025-2032.
-
RoE Elevator Market to 2032, By Door Type
- Automatic Door is the largest segment in RoE Elevator Market to 2032 with a revenue of 140.77 USD Million in the year 2024.
- Automatic Door is the Fastest growing segment in RoE Elevator Market to 2032 with a Growth rate of 6.01 % in forecast period 2025-2032.
-
RoE Elevator Market to 2032, By Destination Control
- Conventional is the largest segment in RoE Elevator Market to 2032 with a revenue of 182.24 USD Million in the year 2024.
- Conventional is the Fastest growing segment in RoE Elevator Market to 2032 with a Growth rate of 5.52 % in forecast period 2025-2032.
RoE Elevator Market Company Share Analysis
| Company Name |
|
||
| Hitachi, Ltd. | |||
| TOSHIBA CORPORATION | |||
| TK Elevator | |||
| Schindler | |||
| Otis Worldwide Corporation | |||
RoE Elevator Market Geographical Sales Distribution, 2018-2032 USD Million
RoE Elevator Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The RoE Elevator Market is segmented based on Segmentation Type,Speed,Component ,Mechanism,Deck ,Capacity,Elevation,End Use,Door Type,Destination Control.
RoE Elevator Market was valued at USD 307.07(Revenue in USD Million) in 2024.
RoE Elevator Market is projected to grow at a CAGR of 5.44% during the forecast period of 2024 to 2032.
The Single Deck segment is expected to dominate the RoE Elevator Market, holding a largest market share of 227.28 USD Million in 2024
RoE Elevator Market Scope
RoE Elevator Market Segmentation & Scope
Type
- Others
- Home Elevators
- Service Elevator
- Freight/ Cargo Elevator
- Passenger Elevator
Speed
- 5.0 mps (or more)
- 3.5 - 4.0 mps
- 2.5 - 3.0 mps
- 1.5 - 2.0 mps
- 1.0 mps (or less)
Component
- Services
- Hardware
Mechanism
- D.C. Elevators
- A.C. Elevators
- Others
- Hydraulic Elevators
- Traction / Cable Driven Elevators
- Machine Room Reduced (MRL) Elevators
Deck
- Double Deck
- Single Deck
Capacity
- Over 2500kg
- 2000–2500kg
- 1600–2000kg
- 1050–1600kg
- 630–1050kg
- 630kg (or less)
Elevation
- High Rise Elevators
- Mid Rise Elevators
- Low Rise Elevators
End Use
- Industrial
- Residential
- Commercial
Door Type
- Others
- Swinging Door
- Manual Door
- Sliding Door
- Automatic Door
Destination Control
- Smart
- Conventional
Frequently Asked Questions
The RoE Elevator Market is segmented based on Segmentation Type,Speed,Component ,Mechanism,Deck ,Capacity,Elevation,End Use,Door Type,Destination Control.
RoE Elevator Market was valued at USD 307.07(Revenue in USD Million) in 2024.
RoE Elevator Market is projected to grow at a CAGR of 5.44% during the forecast period of 2024 to 2032.
The estimated market value of the RoE Elevator Market for final year is USD 465.16 (USD Million).
RoE Elevator Market Company Profiling
Frequently Asked Questions
The RoE Elevator Market is segmented based on Segmentation Type,Speed,Component ,Mechanism,Deck ,Capacity,Elevation,End Use,Door Type,Destination Control.
RoE Elevator Market was valued at USD 307.07(Revenue in USD Million) in 2024.
RoE Elevator Market is projected to grow at a CAGR of 5.44% during the forecast period of 2024 to 2032.
The estimated market value of the RoE Elevator Market for final year is USD 465.16 (USD Million).
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